Brazil has revived Bill 4501/2024, aiming to establish a Strategic Sovereign Bitcoin Reserve, RESbit, by acquiring up to 1 million BTC over five years. The proposal, which could cost approximately $68 billion, allows tax payments in Bitcoin and prohibits the sale of seized BTC. It also integrates Bitcoin into fiscal and monetary policy, positioning it as a hedge against inflation and fiat volatility. The bill outlines various methods for accumulating Bitcoin, including retaining taxes paid in Bitcoin and holding shares of spot Bitcoin ETFs. Management of the reserve would be shared between the central bank and the Ministry of Finance, with oversight from several congressional committees. The proposal also promotes domestic Bitcoin mining and links Bitcoin to Drex, Brazil's digital real, as part of its payment framework.